Turn paper profits into real money periodically. Take a percentage of your winnings and put them in a safe place, like the bank, or bonds, or an annuity. Cash was, is, and always will be king.
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Uncle8888 follows this money-management Rule even more kiasu and kiasi by transferring all winning profits and dividends to his cash reservoir as retirement income for spending. He will never lose back a single cent of his investment income ever again! LOL!
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Once we cash out the entire capital out of our investment portfolio; we no longer have our own money invested in something but we still own it and it is still generating income. Infinite Returns. Shiok!
ReplyDeleteI use the dividends from shares to top up my wife's CPF
ReplyDeleteGood move by Locking up safely at 2.5 or 4% compounding rate.
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